The cyber crimes police of Hyderabad booked a case after a 63-year-old retired employee from Nallakunta was cheated of ₹29.50 lakh to fraudsters posing as representatives of an investment company. They lured him into downloading a fake trading application, said an officer.
Investigators said the victim was added in early November to a WhatsApp group named ‘163 Gate Way to the Future’ by a woman identifying herself as Divya Mehra. “She claimed to represent India Nivesh Shares & Securities Ltd. She convinced him to share his bank and PAN details and install a fraudulent trading app called NivPro, allegedly used for shares, OTC trades and IPOs,” said the officer.
Following her instructions, he transferred money from his and his wife’s bank account, believing he was making investments. The suspect allegedly showed him manipulated profit figures on the app and pushed him to invest more, including insisting that he buy an IPO of Excelsoft Technologies. When he refused, his NivPro account was blocked and he was told to pay a penalty of ₹5 lakh to restore access, even though the app displayed a balance of ₹64 lakh with no withdrawal option. Police said the victim eventually realised the scheme was fraudulent and reported a loss of ₹29,50,000.
Published – December 05, 2025 07:06 pm IST
